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<br /> not extend or post.pone the due date of the inontlily inst � llments referred to in parlgraphs 2 and 2 hereof or
<br /> change the amount of sucl� installinents.
<br /> l0. Boxrowez Plot Released. �xtensim� of the tin�e for pa,yinent or inodification of amortization of the sums
<br /> secured by this l4ortgage granted l�y I.ender tio anysuccessor iii iciterest of Borro�ver sl�all not .operate to release,
<br /> in any manner, tl�e liability of the original 13orro�ver anc9 I3orrower', successors in interest. Lender shalLpot be
<br /> required to commence proceedings againsti such successor or refuse to extenci time for payment or otherwise modify
<br /> an�ortization of the sums secured by t6is 1lortgage b�+ reasou of :any demand made by the original Borrower and
<br /> � Borrower's successors in interest. `
<br /> 11. Forbearmice by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> 't hereunder, or otherwise afforded by applicablelaw, shall not be a �vaiver of or preclude the exercise of any right
<br /> � � or remedy hereunder. The procw•einent of insurance or tlie pay�neht of ta�es or other liens or charges by Lender
<br /> � shall not be a k�aiver of Lender's right to accelerate the maturity of the indebtedness secured by this :TvIortgage. ,
<br /> m 12.- Remedies Cumulative. '' All f•emedies provided in t.l�is \iortgage are distinct and ' cumulative to any other
<br /> ' �'` right or remedy under this \Ioztgage oi• t�fForded b,y 1t��a or equit,y; and mny be exercised concurrently, independ-
<br /> � � ently or successively:
<br /> `i 13. Suceessors and Rssigns Bound; Joint and Several Liability; Captions. The covenants and agreements
<br /> ; herein contnine�i sha11 Uind, and the rights l�ereunder shail imn•e to, thc respective successors and assigns of Lender
<br /> ; � and Borrower, eubject to the provisions of puragraph 17 liereof. All covenatrts �Lnd sgreements of Borro�ver shall
<br /> ^ be joint 'snd several. The captions and headings of tlie ��aragraphs of this \ Iortgage are for convenience only and
<br /> ' are not to be usecl to interpret or define tl�e provisions l�el•eof.
<br /> 3 74, Notica. Any notice Yo Borrower pro�•ided for in tl�is \Iortgage shall he given by mailing such notice by,
<br /> certified mail addressed to Borrower at the Yroperty Address stated belo�v , eacept. for any noticc required under
<br /> paragraph 18 hereof to be given to 13orro�cer in the matuicr ��rescribed bv �pplicable lsw. �ny notice provided
<br /> ! for in this J3ortgage sha11 be deen�ed to l�avc been biven to Borro���er when givcn in the manner designated herein.
<br /> � ! 15. ZJnifozm Mortgage; Goveming Law; Severability. Tliis form of mort�t�ge combines uniform covenants
<br /> for national use and non-uniforxn covenants �vitli liinited �-ariations by jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This \-lortgage sh�ill be soverned Fiy the law of the jurisdiction in which
<br /> the Property is located. In the event that any provision or clause of this 14ortgage or the Note conflicts with
<br /> applicable law, such conflict shall not affect other ��rovisions of this \Iortgage or the Note which can be given
<br /> effect without the conflicting provision , and to this end the provisions of the �Tortgage and the Note are declared �<
<br /> to be severable.
<br /> 16. Bonower's Copy. Borrower shal ] be furnis6ed u conformed cop,y of this DRortgage at the time of execu-
<br /> � tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> ' or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> brance subordinate to this il4ortgage, ( b) the creation of a purchase mone,y security interest for household appli-
<br /> :� r�nces , ( c ) a transfer by devise, descent or by operation oF la��• upon the death of a joint tenant or (d) the, grant of
<br /> ; any leasehold interest of tliree years or less not containing an option to purcliase, Lender mny , at Lender's option,
<br /> '? declare all the sums secured by this �4ortgage to be innnediately due and ��aya�le. Lender shall have wsived such
<br /> ; option to accelerate if, prior to tl�e sale or transfer, Lender .ind the person to whom the Property is to be sold or ;
<br /> � transferred reacli agreeinent in writing tl�at tl�e credit of sucl� person is satisfactory to Lender and that the interest ''
<br /> � payable on the sums secured by this Mortgage sliall be at suc6 rate as Lender shall request, If Lender has waived
<br /> � the option to accelerate provised in tl�is paragraph 17 and if Boirower's successor in interest has executed n writ-
<br /> ten assumption agreement accepted in writing by Lender, I.ender shall release Borrod-er from sll obligations under
<br /> ' this Mortgage and the Note.
<br /> , If Lender exercises sucli option to accelerr�te, Lende:• shall �naii Borrower notice of acceleration in accordanee
<br /> :} with paragraph 14 hereof. Such notice shall providc s period of not Icss tl�an 30 days from the date the notice is
<br /> F inailed witliin which Borrower �nay pay tl�e sums declai•ed due. If F3orrower fails to pay such sums prior to the
<br /> expiration of such period, Lender may , ���itl�out fm�ther notice or deYnand on }3�orrotiver, invoke any remedies per-
<br /> mitted by paragraph 18 hereof.
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<br /> '`s l��ox-UhiFoaM CovExnxTs. Borro�aer and Lendei• fui•tlier covenant aiid ag•ree as £ollows :
<br /> j
<br /> 18. Acceleration; Remedies. Excc�t ris pro��ided in paragra� >I� 17 liereof, upon Borrower's breach of any
<br /> ' covenant or agreement of 13orro�+�cr in tl�is \lortgagc, including the covenants to pay �vhen duc any sums secured
<br /> � by this \lortgage, Lender ��rior to acceler:ition shall ui.tiil notice to E3orro�acr us provided in paragrapl� 14 hereof
<br /> specifying : ( 1 ) tl�e breach ; (2 ) tl�e action required to cure auch breach ; 13 ) a datc, not less tl�an thirt,y days
<br /> from the date the notiee i� mniled to I3orro�cer, bv «�liic6 �ucli brcacli must be cin•ed ; and (4 ) that failure to eure
<br /> �uch bresch on or before tlie date specified in the notice iiiay result in �ccelerastion of tlic swns secure�l by this
<br /> \�ortgage and sale of the Property. If Ll�e breacl� is not cc�red on or before t1�e date speeified in the notice, Lender
<br /> at Lender's option may declare all ot ihe suins secured by tliis :\Sortgage io be immediately due and payable
<br /> without further demand and may foreclose this \4ortg;�ge by iudiciul proceeding. I.ender shall be entitled to collect
<br /> in such proceedin� all expenses of foreclosure, inclu�livg, hut not limited to, costs of docuu�entary evidence,
<br /> abstracts and title reports.
<br /> 19. Borroweis Right to Reinstate. Not�cithstunding I,ender's .icceleration of the sum� secured by this
<br /> Mortgage, Borrower shall have the right to ha��e any proceedinge begun by Lender to enforce thia �Zortgagc dis-
<br /> continued at any time prior to entry pf a judgment enfoXcing this \lortgage if : ( al Borro�ver pays Lender all
<br /> sums which would be then due under this �to�lgage, tlie '_�Tote :�nd notes securing Future Advance� , if any, had no
<br /> aeceleration occurred ; ( b ) Bormwer curc� all breache. of an}• other corenants or agrcements of Borrox•er con-
<br /> tained in this Mortgage ; ( c) Borrower pays all ma�onahle• expen�e� incurred by Lt:nder in enforcing the covensnts
<br /> and agrezments of Borrotic-er conta:ncd in tl�is �Iorttiage and in enfoi•;in�; 7.ender:s rctnedics ss 3�rocidecl in para -
<br /> graph 18 hereof, including, but not limited to, reason�ble attoi•ne}•'s iec� ; and �d ) Borrowcr t �kes such action as
<br /> ` Lender may reasonably require to assure ihat the lien of this \lortgage, Lender', interest in the Property and
<br /> Borrower's obligation to pay the sums seeured }ry this \lortguge shall continuc uninapaired. Upon such payrnent ;
<br /> and cure by Borrower, this Mortgage and the obligstions secured hereUy shall remain in full forcc und effect as if ,r � - �•�
<br /> ! no acceleration had occurred. " ° ' " `
<br /> = 20. Assigament of Hents; Appoiauneat oi Receiver; Lender in Possession. As additional security here- ; , • � '�„�^Ty
<br /> j ; under, Borrower fiereby assigns to Lender the rents of tl�e Property: pro��ided that Borro�cer shall , prior to aceeler- �x� R^
<br /> 1� ation under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain such rents ?.. � �
<br /> ; ae they become due and psyable. ' ; �" ;
<br /> ,' Upan acceleration under �aragrsph 18 hereof or sbsndonment of t.he Yropertr� , Lender, in ��erson, Uy agent
<br />� or by juciieially appoin�ed reeeiver shall be enciclecl co en4er upou , cake pos�e.siou oi and inxuage the Propeny
<br /> and to ecilleei tiie rents of t}�e Property, inclulii�g tliuse ��x�l ciue. :�ll re�ii, cu] IeeLe.l l�y Lei�se:r or tli� reueivcr ,,�.
<br /> shall be applied first topayraent af the coste of inanagement of the Propert� s.nd collcction of rents , including, but
<br /> not limited to, receiver's fees, premiums on receiver's bonds and reasmiable attorne}�'s feea, and then to the sums
<br /> � secured lzy this �'Iortgnge: Lender snd the -ereirer �lial! he ? iahir io aocount onlv for thoee rents Nctiially mreive�7
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